A.P. MØLLER HOLDING A/S CSR REPORT 2020
A.P. MOLLER CAPITAL A.P. Moller Capital is a fund manager primarily focused on investments that combine attractive risk adjusted returns with a positive social impact.
Performance Standards on Environmental and Social Sustainability as an international benchmark. Good governance is essential to project management in A.P. Moller Capital, and the team firmly believes being transparent and fair makes us better investors. A.P. Moller Capital has a zero-tolerance approach to corruption and is committed to avoiding investments that do not minimise any negative social or environ-mental impacts. Complying with the applicable laws and regulations, working in the investors’ best interests and keeping high ESG standards, A.P. Moller Capital as a fund manager has adopted numerous policies that deal with topics such as anti-bribery, anti-corruption, prevention of Money Laundering, compliance, ethics, risk management, etc.
A.P. Moller Capital was established in 2017 to manage standalone funds focusing on infrastructure in growth markets. The company is governed and regulated by the Danish Financial Supervisory Authority (FSA). A.P. Moller Capital launched its first fund to be managed, The Africa Infrastructure Fund, in August 2017, focusing on infrastructure investments in Africa. The senior team in A.P. Moller Capital has more than a century of combined experience of doing business in Africa, and they have an extensive advisory network and industry partners in more than 40 African countries. The Africa Infrastructure Fund is not just a passive investor. The fund leverages the senior team’s strong industrial knowhow, operational backgrounds and capabilities, paired with private equity fundamentals and experience. The combination of the two is the key formula in optimising overall value creation. Environmental, Social and Corporate Governance (ESG) is a key element and an integrated part of the entire investment life cycle.
ESG As a fund manager, A.P. Moller Capital pledges to be an ethical partner within the countries, cities and communities in which it operates. This means that as well as delivering a competitive return for the fund investors, it will seek to create businesses that benefit society through economic and social development. Maintaining high ESG standards is not only the best way to mitigate risk in emerging markets, it is also a compelling opportunity to create value. That is why ESG considerations are a central part of the investment strategy and are included in all phases of our investment process.
THE AFRICA INFRASTRUCTURE FUND I (AIF I) AIF I is an investment fund creating and enabling opportunities through investments in African infrastructure. The purpose is to support sustainable economic growth and prosperity on the continent, which has a working-age population likely to reach more than one billion people in the next decades, and at the same time deliver attractive returns to the fund investors. AIF I is targeting infrastructure projects within power and transportation infrastructure. The fund has an initial target of 10 to 15 investments, and an operation period of 10 years.
Focusing on ESG is embedded in the risk analysis, decisionmaking and ownership practices for the investments we make. The result is companies with better governance, more social focus, lower environmental impact and, ultimately, higher value. To uphold high ESG standards, A.P. Moller Capital is a signature to the UN Principles for Responsible Investment, supports the principles of the UN Global Compact, and uses the IFC
6
